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right, and didn't they make the deal that got them where they are now, or am I confused.
same here
well anyone that bought wahuq in the last year of the bankruptcy, know that, in that time alone, they have so far, more than tripled their ROI on that period of investment dollars. that may be impaired in the context of the holders of legacy positions that didn't average down post bk as they surely should have done. in the context of the bk settlement as a whole the h's are not impaired and will continue to receive payouts for years to come. I don't quite understand it but that's the way it is.
If the settlement had not been reached and, or we had lost, how much would 100 shares of WAHUQ be worth today? Anyone have any idea?
absolutely
Thanks
What happens to the shares of those that didn't release, since they were never converted into WMIH shares? Anyone know?
because you signed releases?
Yeah, I know. It seemed like every weekend during the BK someone on this board was saying "you don't want to be out of WAMU this weekend".
...big events...health care bill...banks get the go ahead to pay divis...good cover..don't wanna be outa wamu THIS weekend
Yeah, I'm sure that's why there's a growing percentage of institutional investors. ...they're all just looking for a new negative revenue stream.
He probably kept the other half just to keep himself humble.
Yup, usually they send me teasers and only give you the first couple of lines of the story. Today, the let me read the whole thing.
https://www.americanbanker.com/opinion/tarp-was-not-a-bailout-and-the-governments-profit-was-huge?utm_campaign=bankthink-c-May%2017%202017
He probably has a better than average idea of what HIS escrows are/will be worth. Who knows...that's only one party.jmo
Maybe in order to treat the former share classes as close to fair as possible in any recovery...percentage wise. just guessing.
Anyone see the free piece in American Banker today outing the truth about TARP? Very interesting
if we live long enough
too bad twitter wasn't as big prior to 2012 as it is today...the bad players would have been regularly called out and it would likely have gotten more attention that may have altered the course. remember, back in the early days of the bk there were a lot of different individuals telling different press/media operatives, but JPM had already silenced them with an all out advertising blitz that continued throughout the bk. evidently, you can't silence twitter. had we known, we could have levied a twitter media blitz of our own. jmo
tweet him and ask him...if you have enough characters ask him about giving Fannie and Freddie back as well
didn't know the number but I knew the %
yeah, but most institutional investors don't and can't buy pinks.
Never mind...they did. TDA didn't have it listed.
Anyone with any speculation on why no SEC filings in February? That doesn't appear normal here. First time in the last year.
Just how many billions of pennies are you talking about? ...billions and billions and billions are quite a lot of pennies.
I'd figure a whole bunch of people have way more than 15000 escrow "shares".
Same here. I have a problem averaging up on a position and since I haven't sold any shares received in the reorg it kind of automatically went down so now I'll buy. Of course I'm still in effect, averaging up but not nearly as much.
For days before the crash the other day this closed at exactly 2.00 after large swings throughout the day, relative to what had been happening in the preceding weeks and months. It seemed to absolutely be controlled. Seems like a good time to buy to me.jmo
That would be a testament to just how quickly we seem to forget why this board is even here.
Pretty sure Rosen is not on BOD. If someone or ones on the BOD dump their shares I'd be concerned. However, they would have to file to state they were for whatever reason dumping their shares. To believe this is getting ready to be delisted would be to believe that somehow the 5.6 billion NOL value had simply vanished.
Just my opinion but I don't think so.
Pretty sure he has to actually take office in order to implement ANY change.
Really? Why?
Yup, I remember all the commercials. JPMC appeared to have been almost single-handedly supporting the media outlets with their high end commercials.
I'll believe it when I see it. At least now there appears to be people in congress finally willing to at least try to hold these guys' feet to the fire. At least more so than the levin clan did. jmo
Yeah, I'd like to believe that. In fact, I do believe that jd & sb have to know what they did...but again, no consequence for bad behavior equals no change in behavior. Also, I used to believe in the doj, but not anymore...sad.
It sure is interesting that 8 years later, the talking heads on the business news, when talking about comparisons b/t DB today and what happened in '08, do not even mention WAMU. They'll allude to both Bear Stearns and Lehman, but that big ole bank that got stolen in the process, nope not a word.(as recently as 10 minutes ago)
I don't think DB will be allowed to fall(fail). Just as in 2008 when JPMC wasn't allowed to fall, largely at the expense on WMI.jmo
it looks like the property was security on loans that were due at the end of last year. those short term loans are called out in 10-Q filing from june of this year.jmo
They'd probably like that. Then they could buy them up now, on the cheap, and make them valuable...and theirs.
I can understand why he couldn't disclose the who. I don't understand why he couldn't disclose the why part. At least that would let us know what uniqueness we have to deal with that would be the squasher of a future deal. But $11,000,000.00 to fail...that's not good.
How did it NOT break any rules? Aren't Fannie & Freddie in a conservatorship? Haven't they paid what was loaned back and much more? Aren't entities in a conservatorship supposed to be returned to owners once profitable again? Why is it that when the government gets involved the rule of law is not followed?jmo